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America This Morning

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New York 7, U.s. 7, Pakistan 6, Fibromyalgia 3, Rangel 3, India 3, Alaska 3, Gm 2, Abc 2, Max 2, Mmm 2, Dr. Richard Besser 2, Nick Schifrin 2, Obama 2, Steve Weissman 2, Twins 2, U.n. 2, Neal Karlinsky 2, New Motrin 2, Minneapolis 2,
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  ABC    America This Morning    News/Business.  
   Breaking news. New. (CC)  

    August 12, 2010
    4:30 - 4:59am EDT  

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making news on this thursday, august 12th. repossessed. numbers released overnight show a surge in foreclosures, troubling news coming just hours after the stock market's biggest dip in weeks. water world. millions stranded by flooding in pakistan. the latest global crisis. how will the world respond? and amazing offense. three special americans on one courageous climb. good morning. and thanks for being with us. we begin this morning with plenty of angst and uncertainty about the economy and its effects on the market. >> stocks sold off this morning across most of the asia, even though averages in europe opened higher, it's probably not near
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enough to lift the gloom on wall street. >> mark mariusz is here in new york and joins us for new reasons for possible economic recovery. good morning, mike. >> good morning, vinita and rob. well, if the stock market totals weren't bad enough, the new foreclosure numbers just came out and they're not good. from wall street to main street, new evidence the economy's still sick. in atlanta, a near riot, as thousands fought to apply for limited housing, many here affected by foreclosures, just a shot of the assistance that they need. >> it's a lot. >> reporter: new numbers released overnight reveal foreclosures rose 4% in july from the month before. the states hardest hit, nevada, arizona and florida. nowing 1 in every 397 homes in the country has received a foreclosure notice. the report follows a down day on
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wall street. yesterday, the dow dropped 265 points. >> we saw a broad stock market sellout in part because of what the feds told us on tuesday. >> reporter: the fed's message, the recovery is likely to be more modest than anticipated. >> i think people are worried there's not much they can do and it's really up to the private sector. >> reporter: more than 14 million americans are still looking for work in this country. president obama urges resolve, signing a bill he says will create jobs by bolstering manufacturer overseas. the latest prescription to try and heal an ailing economy. >> while we have fought back from the worst of this recession, we still got a lot of work to do. we've still got a long way to go. >> well, the fed says because it is concerned that the economy may be slowing, it will hold the interest rates which are now at record lows, it will hold them at what is, quote, an extended
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period. >> mike mariusz here in new york. thank you. president obama is said to be satisfied that the u.s. combat role in iraq can end this month. the president's spokesman says mr. obama believes the deadline for removing all u.s. troops from iraq by the end of next year will be met. in a briefing yesterday the top u.s. general in iraq, told the president that iraq's security is improving and that iraqi forces are fully prepared to take over. misery is spreading through pakistan this morning after the country's worst ever flooding and now there's a call for more than $500 million in aid to head off an human tear yang crisis. nick schifrin join us from around karachi. >> reporter: for 14 million people the victims of the worst disaster in pakistan's history help cannot come soon enough. a two-week deluge of swollen rivers and emerged villages has virtually wiped out instructure.
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the navy here has rescued thousands of people, but there are still thousands just like them who are stranded. and this is one of hundreds of lakes that these floods have created. and to give you a sense of the scale of the disaster, just this lake alone is bigger than delaware. those trapped on the ground now rely on aid packages dropped from helicopter. others escape the rising waters by any means necessary. and the fallout from this catastrophe will only grow. many of the displaced have nowhere to go. and because the flooding happened so quickly, there was no time to put shelters up or get relief workers in place. the united nations has appealed for $500 million in aid. the u.s. has pledged $71 million. >> additional lots of human lives and further suffer will go occur. >> reporter: the pakistani government has been criticized heavily for not being able to deliver more effectively and more widely. but they say any government
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would be overwhelmed by this. and the u.n. says the number of people affected by this flood is greater than the number affected by the kashmir earthquake, the asian tsunami and the earthquake combined. >> our thanks to nick schifrin. we've put a list of eight organizations on our website, abcnews.com. in chicago, jurors in the rod blagojevich corruption trial appear to be deadlocked on at least some of the charges. they passed a note to the judge saying they cannot agree unanimously on all counts. the judge says he will try to clarify the situation later today. blagojevich has pleaded not guilty to all the charges, including trying to sell president obama's former seat in the u.s. senate. federal investigators will be back at the site of the fatal airplane crash in alaska. they say no distress calls were made before going down. neal karlinsky has more from
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anchorage, alaska. >> reporter: rescuers found a survivor who made it out of the plane. one of the young boys on board. everyone else was still trapped inside the plane. survivors, volunteers at first, spent the night with them, comforting them. comforting the boy who made it out, trying to keep him warm and dry under one of the wings. the survivors who were inside eventually were cut out of the plane by national guardsmen who dropped in by helicopter. they said it was a treacherous slope. the plane was sitting in its own fuel. it was slippery, it was dark. >> they estimated the airplane impacted the hillside about 800 to 850 feet up the hillside and then slid up the hill. >> reporter: the survivors were in shock, and sitting right alongside good friends and loved ones who died in the crash. it seemed to be a lottery who lived and who died. the pilot sitting up front, while right alongside him, just a few inches away, another man
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in the front seat actually survived. the survivors are all being treated in a hospital in anchor ramp. the most serious is sean o'keefe. investigators from the ntsb hope to speak with them soon to determine exactly what went wrong. neal karlinsky, abc news, anchorage. a family is back together after being on a glacier in alaska. the family's sight seeing plane went down in severe weather sunday. several members of the air national guard had to be rescued as well. their helicopter rolled over on the glacier, killing a rescue attempt tuesday. severe storms in the dakotas and minnesota with damaging winds, hail and flash flooding. scattered showers from washington, d.c. to new england. thunderstorms in arizona, new mexico and colorado, and heat
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advisories from the great lakes to the deep south. >> dallas sizzle as the 105. kansas city, 99. indianapolis, 95. 90s from new orleans to new york. 70s in pacific northwest. 83 in sacramento. and 90 in salt lake city. coming up on this thursday, super bugs. a new threat from deadly bacteria that are resistant to drugs. and iowa under water, some of the worst flooding. and the mainstay of the sunday funnies about to say farewell. 's great new taste? today is your tast lucky day! sure, why not? isn't this the yogurt that, you know.../ helps regulate your digestive system. ooh, i think i'll pass., no, no, no! trust me.. it is beyond tasokay! mmm! wow! i can't believe it, i love it!
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markets overseas this morning are reacting to that double dose of bad news from the u.s. wednesday's wall street stumble and the surge of july foreclosures. tokyo's nikkei average lost 80 points today. hong kong's hang seng is down sharply in late trading. in london, the ftse is up in early trading. wall street starts the dow with 10,378, after dropping 2 sky points yesterday and landing in negative territory for the year. nasdaq lost 68 points. general motors is expected to report a $1 billion quarterly profit this morning. it would be the auto giant's first profit in three years. gm is now wildly expected to file upon a initial public stock offering tomorrow. that would let the federal government sell its majority ownership of gm which of course it acquired during the bailout.
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a federal judge ordered wells farc go to pay $303 million in overdraft fees back to customers. it accused the bank to change what he called unfair and deceptive practices. motorola's droid 2 phone hits the market today. it has a better processor. it also retains the sliding keyboard and touch screen. the droid sells for $200 after a $100 rebate. the popular comic strip cathy comes to an end. during its run, kathy kronlinged the life and frustrations of swimsuit drama mass of its creator. she's quitting the strip to spend more time with her family and to spend more time with other creative endeavors. coming up, more transportation trouble involving the vice president. plus, rallying for rangel.
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who showed up at the lawmaker's 80th birthday bash? and survivors who lost limbs climb one of the world's tallest mountains. ♪ special k protein shakes -- ♪ a truly great-tasting breakfast shake. with 10 grams of protein and 5 grams of fiber,
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to get more of the fiber you need every day, try fiberchoice. with the natural fiber found in fruits and vegetables and 33% more fiber per serving than benefiber. go to fiberchoice.com o get savings and rewards. parts of central iowa remain swamped by their worst flooding on record. up to 8 inches of rain fell over the last few days, leaving homes and businesses understand water. a 16-year-old girl was swept away to her death. hundreds of residents were evacuated. and others had to be rescued by boat. well, that flash flooding drenches i-35 and 80 making for a rough morning commute around des moines. and there will be flooded roads from fargo to minneapolis. wet on i-95 from new york to richmond. flooding on i-10 along the gulf coast and slick in the forecorners region. expect delays in minneapolis, charlotte, houston, new orleans and miami.
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and now a medical warning about what's being called a new superbug. it's the result of the discovery of a gene. >> that gene can turn any bacteria into the so-called superbug. and as dr. richard besser reports it is hard toe kill, even with antibiotics. >> reporter: a new study in "lancet" infectious diseases studies a new gene that can turn any bacteria into a powerful superbug. it's spread by genetic material that can hop from organism to organism. originally found in india and pakistan, the gene has now been seen in the united, the united kingdom, netherlands and canada. it's believed the worldwide spread is led to tourists who receive medical care in india and pakistan. >> three cases were all traceable toe people who had been in india.
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>> reporter: tackling this problem will require not only to prevent the infections but also creating new antibiotics. the problem is new antibiotics are being produced. >> we are not developing new drugs and the few drugs in development are not going to handle our problem. >> recently, legislation was introduced to create incentives for develops antibiotics. wash your hands, don't ask for an antibiotic. because if you do, you're more likely to get one, and if you can, stay out of the hospital. dr. richard besser, abc news, new york. vice president joe biden has been involved in a runway mishap in a long island new york airport. air force 2 was taking off from the hamptons when the jet sent a small private plane into the air. no one was injured. just last week, two new york city officers got into an accident while escorting bide ton jfk airport. hundreds of influential
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democrats rallied around embattled charles rangel here in new york last night. the occasion, an 80th birthday party for rangel who was also seen in light of the ethic charges. among those, two new york senators facing re-election in the fall. another longtime congressman who battled ethics charges has died. democrat dan rostenkowski represented the chicago area. dan rostenkowski died yesterday of lung cancer. he was 82 years old. and now the amazing ascent of africa's highest peak. three u.s. veterans with only one real human leg among them the top of tanzania mount kilimanjaro. they reached it last saturday after six days of climbing. the men said the message is you can be active no matter disability.
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one said reaching the top was totally exhausting but totally exhilarating. well, golf's final tournament of the year of the pga championship gets underway in wisconsin. tiger woods tees off at 9:20. good morning, i'm steve weissman with your espn news update. a day after the being brawl, st. louis on the verge of bleeping cincinnati. and philips to yadier molina. instead, hits a tapper back to the mound. adam wainwright takes care of it. top of the five, colby rasmus with the bases loaded. that's his first career grand slam. comes on his birthday. cards go on to win 6-1 first three-game sweep of cincy since '05. moving to the american league, fell lease has converted his last 20 opportunities.
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yankees/rangers top nine. yanchs down one. derek jeter. curtis granderson scores. yankees tied at 6-6. marcus times. through the left side. gardner coming over, we bring in the closer. bottom nine, mariano rivera. gave up a triple. runner on third. grounds out to third. yanks went on to win. second time this year they've overcome a deficit of five runs or more. how absent tral. twins in sole position for the first time in more than a month. bottom second, no score. carlos quinton. two-run homer to center, second homer in as many days. white sox up 2-0. and twins down 6-1. strike out jason kubel. >> i'm steve weissman, back to you in new york. coming up next, the senate
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the nutrition they need to keep their bodies strong. carnation instant breakfast essentials supplies the nutrients of a balanced breakfast to help build strong muscles and healthy bones. carnation instant breakfast essentials. good nutrition from the start. now, a look ahead to the stories we'll be watching on this thursday. stocks could be in for another slide, while wall street has a chance to react from a disappointing earnings report from tech giant cisco systems. asian markets sold off but most europe markets opened slightly
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higher. a real estate group says there were 4% more foreclosures in july than june. yesterday, the obama administration announced it will spend an additional $300 billion in aid for those facing foreclosures. the u.n. is asking for $500,000 for aid in pakistan. 14 million are affected by the worst disaster in the nation's history. senators here with summer recess to pass a bill on border security. they're holding a special session today to make sure it will be before president obama for his signatures. and a federal judge has struck down california's same-sex marriage ban will announce today if marriages shoulded me lie resume. he could also call for a delay in those marriages while supporters appeal the decision. >> for some of you, your local news is coming up next. >> for everyone else, "america this morning" continues after this. healthy beauty is a journey.
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now good morning maryland. we are reporting on campaign signs being taken down. >> baltimore from the top looks beautiful. what's growing over there at lincoln park? pot city. and the ravens start their preseason tonight. the rest of the squad will be on display at the bank. >> how excited are you? >> very. >> is that why you are wearing that tie? >> he's wearing his ravens tie, you'll see it the rest of the year. >> how are you? >> good. this weather is relentless. how are you feeling justin burke? >> i'm feeling pretty good about this. we have some rain. i'm feeling pretty good because we rending the heat wave. it may come with the price tag and any time we have all this energy to dump itself out, something will have to keep an
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eye on. right now, we are looking at some morning storms, but streets around baltimore are wet from when it came through a couple hours ago. tropical depression 5 was supposed to be tropical storm danielle. but it is falling apart and that is just going to be a whole bunch of rain. maryland's most powerful doppler radar. to our north, look at this. you can see the flairup of really heavy rain and a lot of lightning. a couple strikes locally, but from york, back towards chambersburg and haggerstown, there's heavy rain coming down and a lot of lightning. this is sliding in our direction. it will reach westminster between 5:30 and 6:00 and during the 6:00 hour, it could be reaching the beltway. on target with 86 degrees. keep the umbrella ready. wet